Biomass Secure Power Inc. (BMSPF)

[OCR8now]

Bank of America Underwriting BONDS

WHEREAS, all requirements of the State Bond Commission in accordance with its rules, including but not limited to notice to local legislators have been complied with; and


WHEREAS, the Bonds will be sold by negotiated sale to Bank of America Merrill Lynch (the "Underwriter"), pursuant to the terms of a bond purchase agreement, or in the alternative, all or any portion of the Bonds may be sold to an institutional investor pursuant to a private placement agreement and/or investment letter; and

WHEREAS, it is now the desire of this Board of Trustees to approve the issuance of the Bonds and to authorize the publication of a Notice of Intention to Sell Bonds with respect to the Bonds;

NOW, THEREFORE, BE IT RESOLVED by the Board of Trustees of the Louisiana Public Facilities Authority that: